Onions take food inflation to 71-month high; wholesale inflation at 0.58%

The core inflation rate (that seen in manufactured items sans food products) continued to be negative, at minus 1.7 per cent.

The Wholesale Price Index (WPI)-based rate of price rise in November rose 0.58 per cent, from 0.16 per cent in October, driven by a food inflation rate which was a 71-month high. 

Within food articles, onion saw an inflation rate of 172.3 per cent, from 119.84 per cent in October. Yet, WPI inflation remained below one per cent for a third month in a row, unlike that based on the Consumer Price Index (CPI), which rose to a 40-month high of 5.54 per cent. This was because only food items among the broader categories saw a rise in the inflation